The City's bond rating was recalibrated by Moody's Investors Services ("Moody's) to their global scale on April 26, 2010.  The City's global scale rating is Aa3.

Prior to that, the City's bond rating was increased by Moody's from an A3 rating to an A2 (April 16, 2009).  The City's moderately sized tax base, solid operating reserves with stabilized financial operations and moderate debt burden were noted as factors behind the upgrade.  This was the second rating increase the City earned since coming out of fiscal emergency on August 9, 2007.